News by State

North Dakota taps two more firms to open medical marijuana dispensaries

North Dakota’s Health Department selected companies to open medical cannabis dispensaries in Grand Forks and Williston, and those companies now are invited to move forward with the registration process. It’s the latest development in the state’s ongoing efforts to set up a system for medical marijuana, which voters approved two years ago. Here’s what you […]

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Cannabis tech firm Eaze introduces CBD marketplace to reach over 40 states

San Francisco-based tech company Eaze launched a new online marketplace, Eaze Wellness, to ship CBD products to 41 states across the U.S. and the District of Columbia. The driving force behind the move was seeing CBD sales more than double among the company’s customers last year, Sheena Shiravi, Eaze’s director of consumer communications, told Fortune. This marks […]

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Proposed rule changes could have big impact on California’s cannabis businesses

The newest draft of California’s permanent marijuana business regulations could, if adopted, produce financial fallout and a licensing logjam for a variety of cannabis companies – from edibles makers and retailers to delivery businesses and growers. In particular, the proposed rules – released last month by state regulators – could: Shrink the revenues of companies […]

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Cannabis business predictions take center stage at MJBizCon 2018

Three more states could prove likely candidates to legalize recreational cannabis in 2019. Uncle Sam may be poised to reform the nation’s marijuana laws. And annual medical marijuana sales in the United States are projected to drop for the first time in 2018 – but the decline is expected to prove short-lived. Those were just three […]

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Wrigley chewing gum heir is new CEO of medical marijuana firm Surterra

Chewing gum billionaire William “Beau” Wrigley Jr. has been appointed CEO of medical marijuana company Surterra Wellness, a little more than two months after leading a $65 million funding round for the firm. Atlanta-based Surterra operates medical marijuana dispensaries and cultivation facilities in Florida as well as CBD dispensaries and grow operations in Texas. Wrigley is taking […]

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Green Thumb Industries buys Nevada cannabis business in $290 million deal

Green Thumb Industries (GTI), a multistate marijuana company, has agreed to purchase a Nevada-based, vertically integrated cannabis company in a stock and cash deal valued at about $290 million. The deal expands Chicago-based GTI’s footprint in Nevada, home to one of the fastest-growing, adult-use MJ markets in the nation. The acquisition includes: Three retail stores in […]

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Michigan localities are saying ‘no’ to recreational marijuana

Some Michigan communities are already prohibiting adult-use marijuana businesses, a little more than a week after voters in the state approved legalization of recreational cannabis. According to various newspaper reports, Niles City in southwestern Michigan and Pinckney village in the southeastern part of the state have decided to opt out, at least for now. St. Joseph […]

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New cannabis business takes over Louisiana MMJ grower contract

Pennsylvania-based Ilera Holistic Healthcare is taking over the contract to grow medical marijuana on behalf of Louisiana’s Southern University for the state’s MMJ program. Shreveport TV station KTBS reported that the company with the initial contract – Advanced Biomedics – never became operational because of disputes between the owners. Ilera bought the 68% stake in Advanced […]

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MTech, MJ Freeway name their merged marijuana company ‘Akerna’

Denver cannabis technology business MJ Freeway and MTech Acquisition, a special-purpose acquisition firm, said their new holding company set to list on the Nasdaq will be named Akerna once their merger is completed. In a news release, Scott Sozio, CEO of MTech (Nasdaq: MTEC), said the name Akerna – with “kern” at its center – has two meanings, both […]

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Ohio now anticipates some medical cannabis sales in December

A starting point might finally be in sight for Ohio’s long-delayed medical marijuana market. A spokeswoman for the Ohio Department of Commerce said small amounts of cannabis likely will be available for sale before the end of the year. The agency’s Kerry Francis told The Columbus Dispatch that the state’s first harvested marijuana plants are expected […]

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Oklahoma discloses medical marijuana licensee info, raises ‘security issues’ for MMJ firms

Some in Oklahoma’s medical cannabis industry are worried about the public disclosure of  licensed locations after a cannabis grower’s property was ransacked. Chip Paul, chairman of Oklahomans for Health, the group that spearheaded the voter-approved medical marijuana initiative that passed in June, told The Norman Transcript that the state’s online publication of the locations “creates […]

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